Advanced Diploma of Management Sutherland College - Gymea Campus BSBMGT617A: Develop and Implement a Business Plan Assessment and Marking Guide

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1 Advanced Diploma of Management Sutherland College - Gymea Campus BSBMGT617A: Develop and Implement a Business Plan Assessment and Marking Guide If you think you meet the requirements of RPL please contact your facilitator at the beginning of the unit. This assessment can be based on your workplace or a simulated learning environment. Assessment Instructions: Develop and Implement a Business Plan: BSBMGT617A Grading: This is a graded unit. Your results will be recorded as either CD, CC, AC or NC, That is Distinction, Credit, Competent or Not yet competent. Distinction 88%> Credit 75%> Competent 61%> Not yet competent 44%< If at any time you are unsure please refer to the unit of competence BSBMGT617A on the website Referencing and academic standards link: Event 1 Mark 100% Due Date: 20 TH JUNE 2012 Assessment in this unit is achieved by providing a report, detailed below, that demonstrates your knowledge and skills employed to develop and implement a business plan. The report requirements are:- Written in a user-friendly style that is well balanced in terms of financial and nonfinancial approaches. Page 1 of 5

2 Fully researched showing appropriate referencing throughout. Include your amended Business Plan in the Appendices Approx words, divided into 3 phases as per below:- Phase 1 Review and Planning Phase. Identify an existing Business Plan that you developed or co-developed for an organisation or from your previous learning experience. If such a plan is deemed confidential in your work place then identify a published Business Plan from the literature. This business plan will be the focus document for study in this unit. Therefore it is critical to select a plan that you are familiar with and can perform quality research about. 1. Review your business plan, analysing strengths and weaknesses (SWOT analysis) of the business unit that is the subject of the plan. Then analyse performance management methods and performance benchmarking in order to assess the current position. 2. Detail research employed as follows to assess the fit of the plan to its internal and external environment. (a) Consultations with key stakeholders to analyse and interpret the business vision, mission, values and objectives of the organisational unit. (b) (c) (d) (e) A review of customer needs and the requirements for the service or product including possible costing / pricing options. Competitor analysis. The performance standards established or expected within the organisation. Financial, human and physical resource requirements for the organisational unit. 3. Comment on any inadequacies of the plan in light of the current research applied in items 1 and 2 above. Phase 2 Development and Implementation Phase 1. Amend your Business Plan so that it now aligns with the analysis discovered from Phase 1 above. Please ensure that the amended plan covers all aspects of the organisational unit and identifies performance indicators to monitor the effectiveness of the plan. The actual Business Plan must be submitted with your report as an appendix. 2. Detail your use of effective communication techniques to convey understanding and acceptance of the issues associated with your Business Plan. Your techniques need to encourage valid feedback as an appropriate means of implementing the improvements you advocate in item 1. above. The report must encompass your communication strategies for all key stakeholders of the organisation including:- (a) (b) Senior Management Customers / Receivers of our service Page 2 of 5

3 (c) (d) (e) (f) Staff (Existing and New) Shareholders (if applicable) Technical Experts or Advisers (if applicable) Business Partners and Financiers (if applicable) Phase 3 Evaluation Phase 1. Evaluate the effectiveness of your business plan using the performance indicators (KRA s and KPI s) developed in Phase Detail the strategy and processes used to improve the actual performance of individuals, teams or groups. e.g. Coaching for individual performance improvement. Your strategies should refer to Performance Indicators as the standard of acceptable performance in line with organisational objectives. 3. Make Recommendations to key stakeholders, to conclude the process of evaluating the effectiveness of your amended Business Plan. Recommendations should include refinements to: customers, market position, performance indicators, systems, methods, coaching, resources, reporting, etc.. Guidance on the Business Plan, its development, monitoring and refinement The questions below will help you cover all aspects required in this assessment 1. How have research and analysis skills been used/applied in the development of the Business Plan? 2. How has accuracy and currency of research information and data been assured? 3. How have negotiation skills been used to collaboratively develop and gain acceptance of Business Plans and Business Planning concept? 4. How have appropriate strategies and analysis methodologies been researched and applied for the development and preparation of the Business Plan? 5. How have facilitation techniques such as brainstorming, demonstrations, role plays, simulation and coaching been used to develop, implement and evaluate the Business Plan? 6. How have organisational policies, relevant legislation and licenses been applied in the development of the Business Plan? Page 3 of 5

4 7. How has coaching assistance to facilitate achievement and maintenance of the Business Plan been provided? 8. How have communication and negotiation skills been applied to organise coaching for under-performance? 9. How have resources for the Business Plan been identified and acquired? 10. How have communication and facilitation skills been used in relation to the implementation and outcomes of Business Plans and Planning? Marking guide: BSBMGT617A - Develop and Implement a Business Plan This unit is GRADED. To demonstrate competence in this unit, the learner will need to provide evidence of the following: Competent Grade Prepare for developing a business plan by reviewing pre-existing plans, analysing business vision/mission, consulting with relevant personnel, identifying marketing, financial, human, legal and physical resource requirements and developing performance objectives and measures. Write a business plan ensuring all relevant and affected personnel understand performance and timeframe requirements. Monitor performance of business plan including the performance measurement and reporting systems Review performance of business plan and make adjustments as necessary including providing coaching and training to rectify under performance. Credit Grade In addition to the Competent criteria The Business Plan is properly referenced throughout, is well written and presented and demonstrates/includes a more detailed analysis, a critical review of data and information collected and collated together with some commentary on the procedures, tools and techniques used in preparation of the Plan. Distinction Grade Page 4 of 5

5 In addition to the Competent and Credit criteria The Business Plan is professionally written with index, page numbers, fully referenced throughout including a bibliography at the end so that sources of information and data are traceable and can easily be audited. Demonstrate ability to communicate and consult with other stakeholders to identify activities, resources and time-lines for the ease of introduction and implementation of the Business Plan. Page 5 of 5